Toowoomba Property Market 2026: Prices, Rents, Vacancy and What the Outlooks Say
By Tim AllenBuyer’s Agent and Director, IPS Buyer’s Agents
The Toowoomba property market has had one of the strongest runs in Queensland. The REIQ’s median house price for the Toowoomba council area rose 3.03% to $850,000 in the June 2026 quarter while the statewide median slipped, and its 12-month median of $810,000 was 20.12% higher than a year earlier, the fastest growth of the 16 council areas in the REIQ’s table.[1] Since then the wider market has turned, with Cotality’s index for regional Queensland down 2.7% over the three months to October.[2]
This guide sets out where Toowoomba stands in late 2026, using named and dated sources: how prices got here, how Toowoomba compares with Ipswich and Brisbane, rents by postcode, vacancy, population, what the published outlooks say and what to check before you buy. It describes the data; it does not forecast prices.
Key takeaways
- Toowoomba’s 12-month median house price was $810,000 in the year to June 2026, up 20.12%, and the June quarter median was $850,000.[1]
- Units rose faster over the year, to a 12-month median of $615,500, up 25.61%, although the June quarter median fell 4.41% to $650,000.[1]
- Toowoomba’s rental vacancy rate was 0.6% in the September 2026 quarter, among the tightest in Queensland.[3]
- Rents for new leases in postcode 4350 were higher than a year earlier for every house and unit size in our tables.[4]
- The wider market has cooled: regional Queensland values fell 2.7% over the three months to October 2026,[2] and the cash rate rose to 4.85% on 3 November.[5]
The Toowoomba property market at a glance
| Indicator | Latest reading | Source and period |
|---|---|---|
| Median house price (quarter) | $850,000, up 3.03% on the March quarter | REIQ, June 2026 quarter[1] |
| Median house price (12 months) | $810,000, up 20.12% on a year earlier | REIQ, year to June 2026[1] |
| Median unit price (quarter) | $650,000, down 4.41% on the March quarter | REIQ, June 2026 quarter[1] |
| Median unit price (12 months) | $615,500, up 25.61% on a year earlier | REIQ, year to June 2026[1] |
| House sales | 559 in the quarter; 2,926 over 12 months | REIQ, June 2026 quarter[1] |
| Regional Queensland dwelling values | Down 0.9% in October and 2.7% over three months; up 3.5% over the year | Cotality, to 31 October 2026[2] |
| Rental vacancy, Toowoomba | 0.6%, among the tightest in Queensland | REIQ, September 2026 quarter[3] |
| Median rent, 3-bedroom house, postcode 4350 | $570 a week, up from $530 a year earlier | RTA, July to September 2026[4] |
| Population | 186,276, up 2,201 in a year | QGSO, 30 June 2025[6] |
| Cash rate | 4.85%, after a 0.25-point rise | RBA, 3 November 2026[5] |
The REIQ’s June 2026 quarter figures, drawn from Cotality sales data, are its latest for Toowoomba.[1] Cotality’s own index is more recent, but its regional Queensland figures cover markets from the Gold Coast and the Sunshine Coast to Cairns, not Toowoomba alone.[7] Check recent sales in the suburb and street you are considering, not just the council median.
How Toowoomba prices got here
Toowoomba’s annual house price growth picked up through the past year. In the REIQ’s September 2025 quarter figures it was 14.68%.[8] By the December quarter it was 18.11%, fifth among the council areas the REIQ reports.[9] In the March 2026 quarter it was 18.93%, level with Rockhampton for the highest in the state,[10] and in the June 2026 quarter it reached 20.12%.[1] These are the REIQ’s 12-month medians for the Toowoomba council area:
| Year to | 12-month median house price | Change over the year | 12-month median unit price | Change over the year |
|---|---|---|---|---|
| December 2025[9] | $750,000 | +18.11% | $535,200 | +17.89% |
| March 2026[10] | $776,000 | +18.93% | $581,000 | +23.49% |
| June 2026[1] | $810,000 | +20.12% | $615,500 | +25.61% |
Each quarter’s own median moves around more, especially for units. In the June 2026 quarter the house median of $850,000 came from 559 sales, while the unit median fell 4.41% to $650,000 from 133 sales.[1] In the March quarter, units had jumped 9.24% to $680,000.[10]
Homes have also sold quickly. On the REIQ’s measure, the median time to sell by private treaty over the previous 12 months, Toowoomba and Rockhampton were Queensland’s fastest-selling house markets in the March 2026 quarter, at 14 days.[10] In the December 2025 quarter, Toowoomba units sold in a median of 10.5 days, the fastest in the state.[9]
We do not forecast prices, but the data since June shows the market cooling. In the June 2026 quarter, Toowoomba’s house median rose 3.03% while the statewide median dipped 0.91% and the Brisbane council area’s was unchanged; the REIQ said the rise was “potentially reflecting buyers seeking greater value”.[1]
A year earlier, Toowoomba was one of the strongest regional markets in the country. Cotality’s Regional Market Update put its value growth over the three months to October 2025 at 5.3%, fifth among Australia’s 50 largest regional areas.[11] By the three months to July 2026, regional dwelling values had eased 0.1%, against a 2.5% fall across the combined capitals; 22 of the 50 largest regional areas recorded falls, and regional Queensland values were flat as the state’s south-east markets fell for the first time since early 2023.[7] By October the slowdown had widened: Cotality’s regional Queensland index fell 0.9% in the month and 2.7% over three months, although it was still 3.5% higher than a year earlier.[2]
For buyers, a cooling market usually means more time for due diligence and more room to negotiate on price and terms. It also means last year’s sales can overstate today’s value, so price each home on the most recent comparable sales.
Toowoomba is still cheaper than the council areas closer to Brisbane. In the June 2026 quarter its house median was $65,000 below Ipswich’s and $630,000 below the Brisbane council area’s, although it grew faster than both over the year:[1]
| Council area[1] | House median, June 2026 quarter | 12-month house median | Change over the year | Unit median, June 2026 quarter |
|---|---|---|---|---|
| Toowoomba | $850,000 | $810,000 | +20.12% | $650,000 |
| Ipswich | $915,000 | $865,000 | +17.69% | $700,000 |
| Logan | $985,000 | $940,000 | +18.31% | $700,000 |
| Brisbane | $1,480,000 | $1,420,000 | +14.98% | $875,000 |
| Queensland | $983,000 | $950,000 | +16.56% | $810,000 |
For Ipswich in detail, see our guide to Ipswich real estate market trends for 2026. For Brisbane, see our Brisbane property market update for November 2026, and for the state as a whole, our Queensland property market update for winter 2026.
Toowoomba’s rental market is among the tightest in Queensland. The REIQ recorded a vacancy rate of 0.6% in the September 2026 quarter, listing it with Cook, Charters Towers, Goondiwindi and Maranoa as the state’s tightest, while Queensland and Brisbane were both at 1.0%.[3] The REIQ considers 2.6% to 3.5% a healthy range.[12] Toowoomba’s rate was 0.5% in the September 2025 quarter,[12] 0.7% in the December quarter[13] and 0.6% in the June 2026 quarter.[14]
Rents have kept rising. Cotality found Toowoomba’s rents rose 2.9% in the three months to July 2026, the second-largest increase of Australia’s 50 largest regional areas, after Albany.[7] The Residential Tenancies Authority publishes median rents from new bonds. For houses, the July to September 2026 quarter compares with the same quarter a year earlier as follows:[4]
| Postcode (main suburbs)[4] | 3-bedroom house, Jul–Sep 2026 | A year earlier | 4-bedroom house, Jul–Sep 2026 | A year earlier |
|---|---|---|---|---|
| 4350 (Toowoomba city and suburbs) | $570 | $530 | $670 | $620 |
| 4352 (Highfields, Cabarlah, Gowrie Junction) | $595 | $530 | $700 | $650 |
| 4401 (Oakey) | $450 | $480 | $580 | $545 |
| 4356 (Pittsworth) | $490 | $450 | $675 | N/A |
These are weekly medians from new bonds lodged, per the RTA quick finder. Postcode 4350 had 373 new 3-bedroom and 302 new 4-bedroom house bonds in the quarter, while Oakey and Pittsworth had fewer than 25 in each size, so treat their figures with care.[4] Postcode 4350 covers Toowoomba City and suburbs including Rangeville, Middle Ridge, Kearneys Spring, Harristown, Glenvale, Westbrook and Wilsonton;[15] 4352 covers dozens of localities, including Highfields, Cabarlah and Gowrie Junction.[16]
For flats and units, postcode 4350 had 431 new bonds in the quarter:[4]
| Flats and units, postcode 4350[4] | Jul–Sep 2026 | A year earlier |
|---|---|---|
| 1 bedroom | $340 | $266.76 |
| 2 bedrooms | $460 | $415 |
| 3 bedrooms | $530 | $480 |
Toowoomba Regional Council had 186,276 residents at 30 June 2025, making it Queensland’s eighth-largest council area. It added 2,201 people in the year to June 2025, after 2,480 the year before, the tenth-largest increase in the state.[6] That is a slower pace than Ipswich, which added 9,138 people in the same year.[6]
The projects shaping the region are covered in our guide to the top infrastructure projects transforming Toowoomba.
We do not forecast prices, and none of these is a price forecast for Toowoomba. They are the most recent published views, named and dated:
- Cotality, November 2026. Its Home Value Index report expects “a gradual drift lower in housing values” across Australia rather than a more material downturn, while saying the balance of risks remains skewed to the downside.[2]
- Cotality, August 2026. Its head of research, Gerard Burg, said relative affordability was still attracting buyers to many regional markets and supporting migration from the capitals, but that softer buyer demand was becoming more evident across the country.[7]
- REIQ, August 2026. Chief executive Antonia Mercorella said “Toowoomba continues to forge on quite strongly”, and that agents were reporting a more measured market.[1]
- Reserve Bank, 3 November 2026. The Board raised the cash rate by 0.25 percentage points to 4.85%, with six members voting for the rise and three for no change.[5]
Cotality lists the prospect of further rate rises and reduced borrowing capacity among the headwinds for housing values.[2] If you have a pre-approval, have it checked again after each rate change; Moreton Bay Finance Broker, the mortgage brokers we work with, can reassess what you can borrow.
- Flooding, even on high ground. Toowoomba Regional Council’s flood maps show whether a property has a chance of flooding, where on the property it might happen, how high the water could rise and the recommended floor level for building work. The council says past floods came both from heavy local rain running through yards and streets and from creeks and the Condamine River overflowing, and that rain on a hill collects in gullies, roads and dips, where the water can still be deep and fast.[17]
- Recent sales, not old medians. The REIQ’s latest Toowoomba medians are from the June 2026 quarter,[1] and regional Queensland values have eased since,[2] so compare the most recent sales of similar homes nearby, or order a valuation; see our guide to property valuations.
- The rent, if you are investing. Check recent bonds for your postcode and bedroom count; outside postcode 4350, some sizes have only a handful of new bonds each quarter.[4]
- The building. Get a building and pest inspection before you are committed; our guide to building and pest inspections in QLD explains what one covers.
- The contract and disclosure. Read the seller disclosure documents and the contract before you sign; our guide to the contract of sale in QLD explains each part.
- The full cost. Add transfer duty and fees with our property purchase calculator.
IPS works only for buyers, never sellers, and Toowoomba is one of the markets we buy in. We search listed and off-market property, check recent sales, negotiate or bid at auction, and work with your broker, inspector and solicitor through to settlement; see our buyer’s agent services for how we work. If you are weighing Toowoomba against markets closer to Brisbane, such as Ipswich, we can compare them with you on recent sales, rents and risk.
Suburb reports for the Toowoomba region will be listed on our Toowoomba suburb reports page as we publish them. Our South Burnett suburb reports already cover Kingaroy and Nanango.
Toowoomba’s house prices grew faster than any other council area’s in the REIQ’s June 2026 table, taking the 12-month median to $810,000,[1] and its rental vacancy rate of 0.6% is among the state’s tightest.[3] The wider regional market has eased since,[2] and rates rose again on 3 November.[5] For buyers, that means pricing each home on its latest comparable sales and checking the council’s flood maps before you commit.[17]
This article is general information only, current at November 2026. It is not financial or investment advice, does not forecast prices, and does not consider your circumstances. Market figures change each quarter; check the latest data and get advice before you buy.
If you are looking to buy in Toowoomba, book a time with Tim Allen.
- REIQ — Queensland property market takes a breath after years of rapid growth (June 2026 quarter data, house and unit median sales tables, Cotality data, 31 August 2026)
- Cotality — Home Value Index, November 2026 report (PDF; results to 31 October 2026, including the regional Queensland index and the outlook)
- REIQ — Healthy vacancy rates kept at bay, says REIQ (September 2026 quarter vacancy rates, 26 October 2026)
- Residential Tenancies Authority — Median rents quick finder (Jul–Sep 2026 and Jul–Sep 2025, houses and flats or units, postcodes 4350, 4352, 4356 and 4401, read 6 November 2026)
- Reserve Bank of Australia — Statement by the Monetary Policy Board: Monetary Policy Decision, Media Release 2026-30 (3 November 2026)
- Queensland Government Statistician’s Office — Population growth, regional Queensland, 2024–25 (ABS data released 31 March 2026)
- Cotality — Regional housing slowdown widens despite outperforming capitals (Regional Market Update, three months to July 2026, 18 August 2026)
- REIQ — Housing supply shortage is costing Queenslanders, says REIQ (September 2025 quarter data, 25 November 2025)
- REIQ — Queensland property prices pushed up by persistent supply pressures (December 2025 quarter data, house and unit median sales tables, Cotality data, 31 March 2026)
- REIQ — Queensland property prices keep climbing as headwinds gather (March 2026 quarter data, house and unit median sales tables, Cotality data, 28 May 2026)
- Cotality — Regional growth lifts to strongest pace since the start of the rate tightening cycle (Regional Market Update, three months to October 2025, 20 November 2025)
- REIQ — Vacancy rate gridlock keeps Queensland at a standstill (September 2025 quarter vacancy rates, 13 November 2025)
- REIQ — Time for a reset to ease Queensland’s rental market pressures (December 2025 quarter vacancy rates, 29 January 2026)
- REIQ — State of flux in Queensland’s rental market, says REIQ (June 2026 quarter vacancy rates, 30 July 2026)
- Australia Post — Postcode search: localities in postcode 4350 (Toowoomba)
- Australia Post — Postcode search: localities in postcode 4352 (Highfields and surrounds)
- Toowoomba Regional Council — Flood risk information (flood maps, types of flooding, properties on hills)
What is the median house price in Toowoomba?
The REIQ’s median house sale price for the Toowoomba council area was $850,000 in the June 2026 quarter, up 3.03% on the March quarter, and the 12-month median was $810,000, up 20.12% on a year earlier. Units had a June quarter median of $650,000 and a 12-month median of $615,500, up 25.61%.
Is the Toowoomba property market still growing?
Toowoomba’s house prices were still rising in the June 2026 quarter, when its median rose 3.03% while the statewide median dipped. Since then the wider market has cooled: Cotality’s regional Queensland index fell 2.7% over the three months to October 2026, although it was 3.5% higher than a year earlier. This describes past data only; it is not a forecast.
What is the Toowoomba property market forecast for 2026?
We don’t forecast prices, and the most recent published outlooks are not specific to Toowoomba. Cotality’s November 2026 report expects a gradual drift lower in housing values across Australia rather than a more material downturn, with the risks skewed to the downside. In August 2026 the REIQ’s chief executive said Toowoomba continued to forge on quite strongly, and the cash rate rose to 4.85% on 3 November 2026.
What is the rental vacancy rate in Toowoomba?
The REIQ recorded a vacancy rate of 0.6% for Toowoomba in the September 2026 quarter, one of the tightest in Queensland and well below the 2.6% to 3.5% range the REIQ considers healthy. It was 0.5% a year earlier.
How much is rent in Toowoomba?
Residential Tenancies Authority data for July to September 2026 shows median weekly rents for new leases in postcode 4350 of $570 for a 3-bedroom house and $670 for a 4-bedroom house, up from $530 and $620 a year earlier. Two-bedroom flats and units had a median of $460. In postcode 4352, which includes Highfields, 4-bedroom houses rented for a median of $700.
How many people live in Toowoomba?
Toowoomba Regional Council had 186,276 residents at 30 June 2025, the eighth-largest council area in Queensland, according to the Queensland Government Statistician’s Office. It added 2,201 people in the year to June 2025, after 2,480 the year before.